Posted by gray > 2016-01-23 17:56 | Report Abuse

the oil chart has the positive no on bottoming. at best it is attempting at bottoming process. have u heard of Oil and Gas company fold? not yet. a proper bottom of any industry has to see M&A. so far none. if the chart is any indication, oil may rebound near 40 and then go below 20. its a long process this time. what u r seeing now is the Mega short covering of everything from stocks to oil to currencies. once this is over, there will be another new chapter to deal with. my 0 cent opinion, if u dont agree, no need to shoot me. go bang the walls.